Let us tell you that this step is being taken with the aim of giving relief to the common people from inflation and making the things of daily need cheaper. Especially food products, medicines and essential household items are likely to be included in this scope.
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GST Slab: The GST Council is preparing to remove many items from the scope of tax. It is reported that preparations are being made to further expand the scope of the zero tax slab. This means that in the coming time there will be more items on which no GST will be levied. Let us tell you that this step is being taken with the aim of giving relief to the common people from inflation and making the things of daily need cheaper. Especially food products, medicines and essential household items are likely to be included in this scope.
What are the details
According to a report by Business Today, the Goods and Services Tax (GST) Council may expand the scope of the zero tax slab and impose zero duty on many essential products from 5% and 18%. If this happens, then in the coming time, everyday food items like UHT milk, pre-packaged paneer (chhena), pizza bread, khakhra, chapati and roti will no longer be subject to GST. Similarly, paratha and parotta (which were earlier taxed at 18%) have also been brought under zero rate as per the proposals of the Group of Ministers on rationalization of rates.
These items will also not be taxed
Education related items are also a major beneficiary of this. The council will make maps, hydrographic charts, atlases, wall maps, globes, printed education charts, pencil sharpeners, all types of pencils (including crayons, pastels, tailor’s chalk and drawing charcoal) as well as exercise books, graph books and laboratory notebooks zero by exempting them at the rate of 12%. The report quoted officials as saying that the move reflects the government’s comprehensive effort to rationalize the indirect tax structure by reducing the number of slabs and resolving classification disputes. Extending the zero rate is expected to provide solid relief to families and students. It will also make the system simpler and more transparent.
Check this list too
- Possible items that may come under the ‘Zero GST Slab’-
- GST may not be applicable on everyday food items like ‘daily food items’ such as UHT milk, pre-packaged paneer (chain), pizza bread, khakhra, chapati, roti etc.
- Butter, condensed milk, jams, mushrooms, dates, nuts, namkeen etc – these currently attract 12% GST, but the filtering committee has suggested that they be put in the zero slab instead of 5%.
